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Mar 21, 2013
03/13
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of deficit. that's the trade balance figures for february for japan. let's have a look at the opening levels for the nikkei and the topix. let me just remind viewers that before we broke off the nikkei went through a pretty volatile twodays due to uncertainties over the bailout plan and it gained 247 points on tuesday as the yen resumed its weakening friend against the euro and the dollar. it's up again today. we pretty much wiped out the losses from monday. we're in the positive so far. >> what can you tell us about currency levels? where do we stand this morning? >> the yen resumes its weakening trend and the euro a big focus are now at the lower 4 y levels. 124.14 to 17. this banking issue overshadows. it's rebounded. traders really taking a bet it will have less of an impact than originally thought earlier this week. i'm talking about monday. investors will be looking to see european pmi data. let's bring up the dollar/yen. that's trading right at the upper 95 yen levels. fed meeting wpped up
of deficit. that's the trade balance figures for february for japan. let's have a look at the opening levels for the nikkei and the topix. let me just remind viewers that before we broke off the nikkei went through a pretty volatile twodays due to uncertainties over the bailout plan and it gained 247 points on tuesday as the yen resumed its weakening friend against the euro and the dollar. it's up again today. we pretty much wiped out the losses from monday. we're in the positive so far....
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Mar 21, 2013
03/13
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school system as schools across the country continue to struggle with failing students facing record deficits. new jersey governor chris christie called school supers arrogant and greedy,but when new jersey tried to cap super pay, the school school superintendents sided the cap by double dipping, retiring early to pocket the pensions, and then they got rehired elsewhere as school administrators or consultants. in new jersey, one retire 18 years ago, but got rehired 23 times since as a school administrator elsewhere pocketing $1.2 million, and double dips is rampant in ohio too. back to you. gerri: great story. thanks, liz. on to farmers. they are getting paydays for the land. it's part of what some call another golde age for farming. with more on this, host of u.s. farm report. john, thanks for being with us. great to haveou on the show, now, this story surprised me because i thought the drought killed you all, and hear that farmland is on fire, and, in fact, some investment banks out there try to snap up as african as they can, i was surprised by that. what's going on? >> well, it's not quit
school system as schools across the country continue to struggle with failing students facing record deficits. new jersey governor chris christie called school supers arrogant and greedy,but when new jersey tried to cap super pay, the school school superintendents sided the cap by double dipping, retiring early to pocket the pensions, and then they got rehired elsewhere as school administrators or consultants. in new jersey, one retire 18 years ago, but got rehired 23 times since as a school...
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Mar 18, 2013
03/13
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yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so baner er isboehner is sayin. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positive agenda. by conceding the point that we don't have an immediate debt crisis, then can you raise some questions. so for example, senator patty murray said let's get rid of the loopholes and deductions. now republicans say, sure, let's do that. instead of sending money to washington, let's make the child tax credit bigger. let's offer middle class tax relief. let's do things that actually put pressure on the spending that president obama wants but
yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so baner er isboehner is sayin. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because...
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Mar 20, 2013
03/13
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yes, we have to address our debt and deficit. and we have to build for the future so that our children grow up in the same vibrant leading world that we grew up in, with a country that's leading the way. but we can't do that by breaking a promise that we made to our parents and grandparents. we can't do that on the backs of seniors taking care away from them when they need it the most. this has to be bipartisan, because how we treat our elders, how we treat our parents and grandparents is a direct reflection of who we are as americans. we need to start talking about his in a bipartisan way. need to shelf the idea of dismantling medicare and strengthening medicare, making it more secure so it is there not only for today's seniors, but it is there for the generation. that it is there for our children and grandchildren. it is a system that works extremely well. yes, we have to talk about the costs of health care. we have to address the costs of health care. but medicare isn't the problem. medicare works extremely well. ask any senio
yes, we have to address our debt and deficit. and we have to build for the future so that our children grow up in the same vibrant leading world that we grew up in, with a country that's leading the way. but we can't do that by breaking a promise that we made to our parents and grandparents. we can't do that on the backs of seniors taking care away from them when they need it the most. this has to be bipartisan, because how we treat our elders, how we treat our parents and grandparents is a...
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Mar 26, 2013
03/13
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the sequester continues but paul ryan and the president met today for lunch to hammer out a possible deficit deal before the looming continued budget resolution vote on march 27. [laughter] shut up. [laughter] shut up you stupid boring news. [ laughter ] look, i'm not going to lie to you, folks. old steve with a c is tired. it's my last show before a two-week break. i'm barely holding it together. cards on the table i could give two (bleep) about the noise right now. -- about the news right now. no, that's not right. that's way too much 1.5 (bleep) tops. you know what i want to talk about? do you want to know what i want to talk about? i want to talk about the bachelor. [cheers and applause] i love that show. i love that show. i mean i just -- every time i watch it it's just daddy time, you know? i pour myself a glass of chardonnay and i am off to a land of romance. [ laughter ] and, look, don't be a hater because in 16 seasons -- [laughter] -- 16 seasons one guy has gotten married to the runner up after he initially proposed to a different girl. so the system works. [ laughter ] mmmmm, oh.
the sequester continues but paul ryan and the president met today for lunch to hammer out a possible deficit deal before the looming continued budget resolution vote on march 27. [laughter] shut up. [laughter] shut up you stupid boring news. [ laughter ] look, i'm not going to lie to you, folks. old steve with a c is tired. it's my last show before a two-week break. i'm barely holding it together. cards on the table i could give two (bleep) about the noise right now. -- about the news right...
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Mar 21, 2013
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it will bring more revenue in than any year in the history and we'll have a trillion dollar deficit. spending is a problem. >> the senate passed a six-month budget measure yesterday that keeps most cuts in place. congress is now involved in the controversy over the washington redskins team name. a bipartisan bill which is introduced yesterday by ten lawmakers boo cancel the nfl team's trademark of the name redskins. this at the same time the federal court considers a petition by a group of knave americans to cancel the trademark. the redskins brand is not meant to offend, but apparently it does. >> i can't remember a time in my life where people haven't been discussing and debating team names like the redskins. but this is the first time i recall someone taking a business angle, talking about the trademark issue. >> it's offensive to a lot of people. think at some point they will have to change it. >> it's different than the fighting illini. this was a derogatory word in certain point in american history. it's a little bit different than -- iowa, illinois, states named after indian t
it will bring more revenue in than any year in the history and we'll have a trillion dollar deficit. spending is a problem. >> the senate passed a six-month budget measure yesterday that keeps most cuts in place. congress is now involved in the controversy over the washington redskins team name. a bipartisan bill which is introduced yesterday by ten lawmakers boo cancel the nfl team's trademark of the name redskins. this at the same time the federal court considers a petition by a group...
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Mar 26, 2013
03/13
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don't want to hear more talk about needing more resources at a time when we're running massive debt and deficits. woof h we've got to get a handle on this and do it. >> and dig deeper, and gilligan's island and "star trek," it's probably beverly hillbillies, and green acres. the first thing with the studio, put it up on the auction block. i don't know why the irs needs a studio, they're not a movie business, they're in the tax collection business, but good luck, sir. >> that's right. and certainly. >> go ahead. >> the question as it whether others have these kinds of studios as well. >> greta: i bet if you dig deeper you'll find more things. we've certainly found a lot of things in the gsa and other places. good luck and i hope you have a lot of good fortune getting this money back or at least stopping the irs from doing this. thank you, sir. >> thank you, greta. great to be with you. >> and you can see the entire "star trek" video that you paid for, whether you wanted to or not. on gretawire.com. go to gretawire.com and tell us what you think about the irs spending your money on "star trek," gi
don't want to hear more talk about needing more resources at a time when we're running massive debt and deficits. woof h we've got to get a handle on this and do it. >> and dig deeper, and gilligan's island and "star trek," it's probably beverly hillbillies, and green acres. the first thing with the studio, put it up on the auction block. i don't know why the irs needs a studio, they're not a movie business, they're in the tax collection business, but good luck, sir. >>...
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Mar 19, 2013
03/13
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speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr. speaker, i rise today to honor an exceptional hoosier, dedicated public servant and a good friend of mine, martin. a man with a strong desire to help others and a man who has been a tremendous asset to the eighth district of indiana. martin has dedicated over 40 years of service to indiana, the eighth district, and to the republican party. he's currently serving his fourth term in elected office as county treasurer. he worked with many civic organizations and within the republican party, committee chairman and member of the eighth district central comm
speaker, our real deficit is unemployment. let's eliminate this true deficit by bringing the president's american jobs act to the floor for a vote. it deserves a vote. mr. speaker, our mantra should be jobs, jobs, jobs. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from indiana is recognized for one minute. >> mr....
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Mar 24, 2013
03/13
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paul krugman has the idea that deficits don't matter, not now. we spent some time understanding the thinking behind the theory. krugman is of course the nobel prize winning op-ed columnist for the "new york times." he is also princeton professor. thank you for doing this. so explain, first, specifically why you feel that right now really there is, as far as i can tell, almost no limit to what you would be willing to do in terms of stimulating the economy. >> right now is a time when not spending is extremely disruptive. if the government pulls back, it's destroying jobs and there's no way to offset that. ordinarily if a government spends less the federal reserve can cut interest rates, like we did at the end of the cold war, but we can't do that now because the interest rate fed controls are at zero. so we have no offset and conversely up to, if we increase spending right now it will create jobs and expand the economy. this is a really good time to be spending. won't always be like this. this is not the normal situation. normally we have an econo
paul krugman has the idea that deficits don't matter, not now. we spent some time understanding the thinking behind the theory. krugman is of course the nobel prize winning op-ed columnist for the "new york times." he is also princeton professor. thank you for doing this. so explain, first, specifically why you feel that right now really there is, as far as i can tell, almost no limit to what you would be willing to do in terms of stimulating the economy. >> right now is a time...
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Mar 18, 2013
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make sure we have deficit reduction but don't cut too much too fast. take for scamel the sequestration. 700,000 american jobs will be lost. h is not the right time to do it. we have to phase this in and sequence it so we have economic growth and americans paying taxes. that really helps us recover. >> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth than to deal with the national debt. your response? >> i think we should have economic growth and obviously we would like to see that happen and i think reducing the deficit helps cre create econoc growth. look, i think it is ridiculous to say that cutting $1.2 trillion over the next decade when we will spend $47 trillion of your money is a step too far. of course, we need to do that. and on top of that we need to build towards the entitlement reforms which obviously are creating the huge dent down the road. i think it was disappointing to all of us to have the presiden
make sure we have deficit reduction but don't cut too much too fast. take for scamel the sequestration. 700,000 american jobs will be lost. h is not the right time to do it. we have to phase this in and sequence it so we have economic growth and americans paying taxes. that really helps us recover. >> chris: senator corker, democrats and you just heard this sort of from dirk durbin but i heard it in more extreme forms from other democrats say it is more important to have economic growth...
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Mar 21, 2013
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there were boos when the president said they have a partnership in the leadership, which is the deficit of trust between the two sides. but pulling back, they picture, wolf, many israeli critics of the president have said too often he lectures israelis and doesn't seem to understand israel. tonight those critics, man of them, are saying he now feels he has conveyed that he does understand israel in a deep personal way, wolf. >> jessica yellin traveling with the president in jerusalem getting ready to head over to jordan with him tomorrow. jessica, thanks. >>> we're getting new information about claims that syria has used chemical weapons. our pentagon correspondent, barbara starr, has the very early results of the u.s. investigation. what is this, barbara? what are we hearing? >> brianna, as you said, the u.s. intelligence community has been working on this problem around the clock. did the syrian regime use chemical weapons. we do now have some initial results of that investigation. with video of syrians suffering from convulsions and breathing problems, and accusations of chemical wea
there were boos when the president said they have a partnership in the leadership, which is the deficit of trust between the two sides. but pulling back, they picture, wolf, many israeli critics of the president have said too often he lectures israelis and doesn't seem to understand israel. tonight those critics, man of them, are saying he now feels he has conveyed that he does understand israel in a deep personal way, wolf. >> jessica yellin traveling with the president in jerusalem...
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Mar 26, 2013
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a budget deficits of more than $320 million. the fire department stretched so thin it's proposed just letting vacant building burns and the city cannot afford to keep all of its streetlights on. mike tobin with the news from detroit tonight. the new emergency manager there already facing a big lack bash, -- backlash. >> he was already on the job. kevinor is his name. greeted by protesters as he walked up to city hall. protests because he has almost unrestrained power to slash the city budget. and they protest because the city council and the mayor for whom they voted have been muffled aside. >> so the right to vote -- reconstruction the very right of -- the right to vote, the right to -- a vote to count matters. detroit is the largest of six cities in michigan under emergency management. the mayor of one of those cities says you need an appointed official to come in and make the kind of cuts necessary. they would be political suicide for elected officials. >> shepard: unions obviously big there, mike and they are not happy. >> r
a budget deficits of more than $320 million. the fire department stretched so thin it's proposed just letting vacant building burns and the city cannot afford to keep all of its streetlights on. mike tobin with the news from detroit tonight. the new emergency manager there already facing a big lack bash, -- backlash. >> he was already on the job. kevinor is his name. greeted by protesters as he walked up to city hall. protests because he has almost unrestrained power to slash the city...
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Mar 21, 2013
03/13
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being a deficit hawk, we're going broke. we won't be able to pay our bills. that's pretty immediate. what we have to do is, i mean, long term, look toward a more steady state sustainable economic policy rather than always looking toward the next crisis just to get us through moment. >> is that really true though that we don't think in stories anymore? to me stories and story telling are so central to human beings and the way we think about the world, our lives, our trajectories. has technology really changed that? >> i don't know if technology has changed it. we did not have history until we had text. we didn't have -- >> we had stories before we had text. >> not the same way. we did not have human history. we did not have the idea of judeo-christian progress. we did not have contract that's created accountability in the future. >> didn't we have an oral tradition before we had written text? >> we did. but those stories were very circular. very different kinds of stories. they were not we are a people marching toward this end. that we're going to make things
being a deficit hawk, we're going broke. we won't be able to pay our bills. that's pretty immediate. what we have to do is, i mean, long term, look toward a more steady state sustainable economic policy rather than always looking toward the next crisis just to get us through moment. >> is that really true though that we don't think in stories anymore? to me stories and story telling are so central to human beings and the way we think about the world, our lives, our trajectories. has...
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Mar 20, 2013
03/13
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dagen: it will be a while, but the good news is the budget deficit is actually declining. suggesting a decline for the next three years, so there's a little bit of time in washington to get it right. it is not as imminent, you have not done sequestration, but it is still the fed, all about the fed. what the market will be focused on is not so much when they will raise rates because that is forever into the future, but will they be skimming back the 85 billion in purchases? i don't think there will be any sign that will happen. i think it is helping the economy. connell: you agree with the policy? >> i agree with the policy, but what is propping up the stock market is the better economy. and i cannot attribute that alter the fed. a lot of people don't think the fed is doing very effective, think it works a little, but housing is coming back certain the fed is helping that, jobs, business investment more than just the fed, that is a general improvement in the overall economy, there's no question the fed kept at it. but there is more to it than just the fed. connell: good eno
dagen: it will be a while, but the good news is the budget deficit is actually declining. suggesting a decline for the next three years, so there's a little bit of time in washington to get it right. it is not as imminent, you have not done sequestration, but it is still the fed, all about the fed. what the market will be focused on is not so much when they will raise rates because that is forever into the future, but will they be skimming back the 85 billion in purchases? i don't think there...
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Mar 21, 2013
03/13
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a homecoming in cleveland for lebron james who had a triple-double as miami overcame a 27 point deficit and the heat squeaked by the cavs 98-95 and in the process upped their 24th straight win. >>> in the first round of the ncaa tournament, two number 16 seeds and james madison university beat liu brooklyn 68-55 to advance to the second round which starts tomorrow with 16 games. they'll play top seed indiana friday. >>> and then two number 13 seeds, will he sal debeated boise state. they advance to face kansas state. >>> president obama filled out his ncaa brackets. he predicted number one seed louisville will make it to the final fourment he also chose ohio state, florida gators and indiana, his choice to win it all, indiana. >>> indiana and the chicago bears could not agree on the new contract for brian urlacher so he becomes a free agent after 13 years and nine time pro bowl safety ed reed left the baltimore ravens after 11 seasons and signed with the houston texans. >>> golfer tiger woods says he and lindsey vaughn went public with their relationship so that paparazzi couldn't make
a homecoming in cleveland for lebron james who had a triple-double as miami overcame a 27 point deficit and the heat squeaked by the cavs 98-95 and in the process upped their 24th straight win. >>> in the first round of the ncaa tournament, two number 16 seeds and james madison university beat liu brooklyn 68-55 to advance to the second round which starts tomorrow with 16 games. they'll play top seed indiana friday. >>> and then two number 13 seeds, will he sal debeated boise...
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Mar 20, 2013
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when asked how our budget deficit should be reduced, a large majority, 65% of people said by cutting spending. when asked to choose between the budgets proposed by each party, most people pick the one more in line with the republican proposal. cutting spending and not raising taxes. but when asked when each party was trusted more, people say that they trust the democrats more. go figure. let's get an amp explanation from charlie hearst, economists at the washington times. so you have this. people seem to like the republican approach. they just don't like the republican label with it. why is that? >> i think a large degree, republicans have been snakepit. largely because of what we have seen over the last couple of years. republicans talking to the media, which is something the democrats have focused on more than anything else. including the ideas that republicans have gone four. voters are far more in line with those ideas. but i would actually argue that republicans least realize that there is a problem here and there is a real disconnect between washington and the rest of america.
when asked how our budget deficit should be reduced, a large majority, 65% of people said by cutting spending. when asked to choose between the budgets proposed by each party, most people pick the one more in line with the republican proposal. cutting spending and not raising taxes. but when asked when each party was trusted more, people say that they trust the democrats more. go figure. let's get an amp explanation from charlie hearst, economists at the washington times. so you have this....
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Mar 22, 2013
03/13
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it would cut the deficit by $4.5 million. the plan will likely never become law because of opposition. >>> politicians are scrambling to restructure the most troubled bank. people are rushing to get cash from atms and the bank put a cap on daily withdrawals. they have given them till monday to raise the money they need to secure a bill out and if they don't have the money by the deadline the european central bank will cut off its emergency support which would throw them into financial chaos. the turmoil had an effect on wall street today. the dow is down 90 to 14,421. the nasdaq is down 31 at 3,222. the s&p is down 12 to 1,545. unexpected weak sales resulted from oracle also factored in. >>> the prime minister of australia apologized to unwed mothers. >> she spoke before hundreds of people, many who were in tears. she pledged $5 million to help reunite mothers with children taken from them decades ago. it was thought to be in the best interest of the children. >>> a group is coming out in support of gay marriage for the first
it would cut the deficit by $4.5 million. the plan will likely never become law because of opposition. >>> politicians are scrambling to restructure the most troubled bank. people are rushing to get cash from atms and the bank put a cap on daily withdrawals. they have given them till monday to raise the money they need to secure a bill out and if they don't have the money by the deadline the european central bank will cut off its emergency support which would throw them into financial...
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Mar 22, 2013
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literally you have $3 billion in deficit, annual deficit every year. and employment is double digits. as you said, not only do you have a class divide, you have major socioeconomic divide between the ruling class and the rest of the opposition. more than 40% of jordanians are basically living in poverty. not to plepgs that as you suggested earlier, most of the population in jordan are palestinians so the palestinian/israeli conflict weighs very heavily on the king. and it is for the first time after the arab spring, the king's ledge gitimacy is being challenged. not only from his own tribal base, and this is the situation for the king. that's why president obama is in jordan today to shore up the king and provide some financial assistance as he did, $200 million on top of the $500 million annually that the united states provides to the kingdom. >> you mentioned president obama leaving israel for jordan. one question is what has he left behind? the oldest newspaper in israel, founded before the country was founded said that security will not be attained
literally you have $3 billion in deficit, annual deficit every year. and employment is double digits. as you said, not only do you have a class divide, you have major socioeconomic divide between the ruling class and the rest of the opposition. more than 40% of jordanians are basically living in poverty. not to plepgs that as you suggested earlier, most of the population in jordan are palestinians so the palestinian/israeli conflict weighs very heavily on the king. and it is for the first time...
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Mar 23, 2013
03/13
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but i have to tell you, wolf, we can't keep running up deficits like this. it will damage the economy deeply. people say we don't have a crisis on the horizon, of course we do. we have a debt on a tear. if the debt takes off like it is projected to do so, it is not only hurting our economy today, it is destroying it for the next generation. we can't sit around and be complicit with that. the problem is we have to do something about that. >> one final question. senator rand paul was here yesterday in "the situation room," 24 hours ago. he said flatly he is going to iowa the next few weeks, seriously thinking of running for the republican presidential nomination in 2016. thinks it is a good idea for him. what about you? >> i am going to make my mind up later. the reason i need to do this job, i am chairman of the budget committee, we have a crisis on the horizon, we need agreements done, i don't think it is good for me or wisconsin district or my colleagues to cloud my judgment at this time with other things. i need to do what i think is right in this moment,
but i have to tell you, wolf, we can't keep running up deficits like this. it will damage the economy deeply. people say we don't have a crisis on the horizon, of course we do. we have a debt on a tear. if the debt takes off like it is projected to do so, it is not only hurting our economy today, it is destroying it for the next generation. we can't sit around and be complicit with that. the problem is we have to do something about that. >> one final question. senator rand paul was here...
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Mar 26, 2013
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see the red numbers, the county deficit is 88 million dollars and this bottom number right here, megyn, that's the average salary for the private worker in alameda county, $34,900. and now let's play your favorite game of all, megyn, guess the other administrator's salaries? in chicago would you like to take a guess what they make? >> 60,000. >> $128,000 in chicago. >> megyn: way off. >> and the largest city. in new york city, the nation's largest city, remember, she makes 422, what do they make in new york city. >> megyn: i'm going 175. >> no, 152 for new york city, megyn, not a bad guess, you're getting better and san francisco right next door to alameda county, the county administrator, city administrator makes. >> megyn: 161, 162. >> 153. and she's 62 years old and lifetime experts believe she'll live to be in her 80's. total, total. what the county owes her is going to be $9,284,000. >> megyn: unreal. how did she get -- how did this happen? like did she negotiate this? is this just, this is just the way that she got, putting aside the bonus issue? >> and she's been there 38 years,
see the red numbers, the county deficit is 88 million dollars and this bottom number right here, megyn, that's the average salary for the private worker in alameda county, $34,900. and now let's play your favorite game of all, megyn, guess the other administrator's salaries? in chicago would you like to take a guess what they make? >> 60,000. >> $128,000 in chicago. >> megyn: way off. >> and the largest city. in new york city, the nation's largest city, remember, she...
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Mar 21, 2013
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is reducing the federal deficit a worthy goal in and of itself? and 85% say yes. 11% say no. it's not just john boehner who said it's not an immediate problem. paul ryan, the face of fiscal responsibility himself this past weekend on one of the sunday shows said not an immediate problem. so americans have gotten the message that it is a problem and that we should be tackling it right now, even though our lawmakers feel it can be down the road a year, five years, whatever we tackle it. >> brian: our next guest has nothing to at to this subject. so i'll move on. >> steve: he does. he's going to -- >> brian: he's coming out of his chair. solar companies were supposed to boost our economy. now evidence they might be tanking our economy. you remember solyndra that cost american taxpayers more than $500 million. turns out it may have a successor. >> steve: months after opening, the oregon based solar panel company, solo power, is facing layoffs, putting 250 million of our taxpayer dollars in jeopardy. apparently stuart varney, we learned nothing from solyndra. >> no, we have learne
is reducing the federal deficit a worthy goal in and of itself? and 85% say yes. 11% say no. it's not just john boehner who said it's not an immediate problem. paul ryan, the face of fiscal responsibility himself this past weekend on one of the sunday shows said not an immediate problem. so americans have gotten the message that it is a problem and that we should be tackling it right now, even though our lawmakers feel it can be down the road a year, five years, whatever we tackle it. >>...
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Mar 21, 2013
03/13
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more revenue in than any year in our history, and yet we will still have a trillion- dollar budget deficit. does not anybody realize there is a problem here? >> i understand you met with some of your senators and members on the issue of benghazi. [indiscernible] republicans planning further review? are you planning more subpoenas? >> there are members who wanted to compare notes on what we know and what we do not know. frankly there is a lot we still do not know. it was a friendly exchange of information, and some decisions about a way forward. [indiscernible] on what happened prior to september 11, what actually happened on september 11, and then why it was described for weeks as some think it was not, when the people who were watching this knew it was a terrorist attack. . included cushions for programs like border control to help them get by this question, but it does not do anything to prevent layoffs for traffic controllers per couldn't congress have done more for leaving -- before leaving on its recap -- on its recess the prevent these layoffs? but listen, under this bill, some agenc
more revenue in than any year in our history, and yet we will still have a trillion- dollar budget deficit. does not anybody realize there is a problem here? >> i understand you met with some of your senators and members on the issue of benghazi. [indiscernible] republicans planning further review? are you planning more subpoenas? >> there are members who wanted to compare notes on what we know and what we do not know. frankly there is a lot we still do not know. it was a friendly...
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Mar 20, 2013
03/13
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we could get out of our deficits, we could save social security, medicare and have an economic growth boom that we haven't seen in a long time. >> california alone in one shale oil field has 100 billion barrels of oil. that is california. >> sean: how stupid, we are a stupid country. we're stupid because we allow the government-- why are you looking at me. >> i'm agreeing with you. >> sean: we're a stupid country. >> we need to get out of our own way, but this is a little bit after small detail, but a very important one for business and for america to understand. last week, one of the rules of the obama administration put out was to say that if you're going forward with any sort of project you're going to have to tell us how much carbon that will put out into the-- so it's called the nipa analysis and that's like putting a ten pound weight on everybody's ankle. >> sean: that's a hundred pound weight. >> it sounds like a minor bureaucratic detail, but it will strangle-- >> you guys will weigh in and i hope you'll pick a fight with you here. i've got to tell you, dana, they're not doing
we could get out of our deficits, we could save social security, medicare and have an economic growth boom that we haven't seen in a long time. >> california alone in one shale oil field has 100 billion barrels of oil. that is california. >> sean: how stupid, we are a stupid country. we're stupid because we allow the government-- why are you looking at me. >> i'm agreeing with you. >> sean: we're a stupid country. >> we need to get out of our own way, but this is a...
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Mar 20, 2013
03/13
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CNNW
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we can't keep running up deficits like this. it will damage our economy deeply and people are saying that we don't have a crisis on the horizon. of course we do. we've got a debt that is on a tear right now. if the debt takes off like it's projected to do, it's not only hurting our economy today but destroying it for the next generation. we just can't sit around and be complicit with that. that means we have to do something about it. >> let me get your thoughts on a couple sensitive issues coming before congress. immigration reform. do you support a pathway to citizenship for the 11 or 12 million illegal immigrants in the united states? >> well, i think we can get the comprehensive immigration reform. i support reform. i supported the bush reforms in 2005 and 2006. i think we can find a way of making sure that people here with an undocumented status have an ability to adjust that status. we're not going to be able to deport 12 million people. and there is a way to do this without rewarding them for breaking the line or breaking
we can't keep running up deficits like this. it will damage our economy deeply and people are saying that we don't have a crisis on the horizon. of course we do. we've got a debt that is on a tear right now. if the debt takes off like it's projected to do, it's not only hurting our economy today but destroying it for the next generation. we just can't sit around and be complicit with that. that means we have to do something about it. >> let me get your thoughts on a couple sensitive...
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Mar 18, 2013
03/13
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you think our deficit is bad, they don't print that much money in the fed. we don't have that much in the system. jon: jim gray, good to talk to you. thanks, jim. jenna: breaking news out of washington, d.c. the president is officially announcing his nomination for labor secretary. his name is thomas perez. he is standing next to the president. just a few things he should know about thomas perez. assistant attorney general for the civil rights division right now. he spent a lot of time in his career focusing on consumer rights and protection as well. if he is confirmed, the process that takes place after the official no announcement he will be only latino in the president's cabinet. they need to get americans back to work as labor secretary and what kind of role considering his background mr. perez might play in immigration reform and what type of employment policies could be put in place if there is some overarching immigration reform. we'll keep you posted on the announcement. as we hear more we'll bring that to you. jon: it was ten years ago that operatio
you think our deficit is bad, they don't print that much money in the fed. we don't have that much in the system. jon: jim gray, good to talk to you. thanks, jim. jenna: breaking news out of washington, d.c. the president is officially announcing his nomination for labor secretary. his name is thomas perez. he is standing next to the president. just a few things he should know about thomas perez. assistant attorney general for the civil rights division right now. he spent a lot of time in his...
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Mar 19, 2013
03/13
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CNBC
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deficit and it will cut into the chinese surplus. and you ask the average economist for the last three or four years before the crisis, during the crisis, after the crisis, what's the global economic problem, number one, the answer probably isn't microimbalances. trade surplus in the u.s., trade surplus and china. what i didn't know is that still more than half of the u.s. deficit of goods and services is energy imports. >> and that's going to go away? >> as things are going, that might be going away. at the same time, china surplus will suffer from the tracing of independence of china. >> that's strong dollar weak yuan. becky. >> just an observation. >> first, tight oil, i haven't heard of this before. i know where the marcellus shale fields are. where is tight oil? is it in the same sort of locations? >> same. traditionally, coming out of gas yields because of this huge different between gas and oil prices. which went up from almost zero to more than a million barrels per day now within five years time. >> does cyprus have any oil?
deficit and it will cut into the chinese surplus. and you ask the average economist for the last three or four years before the crisis, during the crisis, after the crisis, what's the global economic problem, number one, the answer probably isn't microimbalances. trade surplus in the u.s., trade surplus and china. what i didn't know is that still more than half of the u.s. deficit of goods and services is energy imports. >> and that's going to go away? >> as things are going, that...
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Mar 22, 2013
03/13
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this is going to be added on the deficit. they constructed a budget, that made it look as if, as obama promised, not going to cost the treasury a dime. well, the cbo says it will cost $1.3 trillion over a decade. so there is an increase in $1.3 trillion plus a dime in taxes. so that it ends up looking like it's not going to cost. but there will be increases in taxes everywhere. this one will be canceled. it's ridiculous. this is the one area, medical devices where the u.s. has tremendous advantage in technology over the rest of the world. why would you kill an industry that is so productive? so, the money will be cut. it will have to come out of taxes. the $1.3 trillion will become $1.6 trillion. it will climb. ultimately it will be a drag on the economy. i think ultimately after it hits and you get a train wreck and all the inefficiencies people will say in a couple of years, why don't we adopt a canadian system? cut out the middleman. and stop all the waste. simply have a simple system. government is completely in control a
this is going to be added on the deficit. they constructed a budget, that made it look as if, as obama promised, not going to cost the treasury a dime. well, the cbo says it will cost $1.3 trillion over a decade. so there is an increase in $1.3 trillion plus a dime in taxes. so that it ends up looking like it's not going to cost. but there will be increases in taxes everywhere. this one will be canceled. it's ridiculous. this is the one area, medical devices where the u.s. has tremendous...
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Mar 22, 2013
03/13
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as we have a deficit in terms of our average rainfall. 6:19, back to you. let's check on the traffic alert and see if there are any changes with mike inouye. >> we do have great weather in place. i wanted to show folks what a distraction, might be getting into the city. as we clear that out, we look at your commute. we also have a nice, beautiful commute coming through the area. as you are heading through van ness approaching the golden gate bridge. the south side is a big concern. some crashes. caltrans has to get out and remove the larger boulders and recover fencing. friday, lighter commutes, south of the tunnel. keeps things moving smoothly. we will continue to track that. it is going to build heading over towards the golden gate bridge. your northbound routes moving pretty smoothly. a little north of 680. north 87 coming into downtown. this is the big concern. the significant alert, which continues southbound 280, starting to build now. caltrans may have just quoted th cleared that southbound ramp at mclaughlin. we have 2 of your 4 lanes open as well.
as we have a deficit in terms of our average rainfall. 6:19, back to you. let's check on the traffic alert and see if there are any changes with mike inouye. >> we do have great weather in place. i wanted to show folks what a distraction, might be getting into the city. as we clear that out, we look at your commute. we also have a nice, beautiful commute coming through the area. as you are heading through van ness approaching the golden gate bridge. the south side is a big concern. some...
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Mar 20, 2013
03/13
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we're running a bit of a deficit, 70 to 80% of average as far as rainfall total this is year. i'm looking 15 days out. it looks like we'll see quite an active start to next month. 54 in san jose right now. i wanted to start with your temperatures to show you how mild it is right now. tropical even with the showers on the radar. rain-cooled air in the vallejo area. let me zoom in and show you who is getting hit the hardest. that would be martinez. embedded in that, you have yellow and red, all that moisture headed to concord in the next 20 minutes. these are moderate downpours. enough to make for dangerous conditions and keep those roadways wet. it won't last forever, though. mo r rain on the way throughout the morning. you can see just a little bit of moderate rainfall at that point, north to santa rosa, deep green down in san jose. rain on the way for us. we haven't even received the moisture we're expecting. san jose, the south bay, will get it today. stop the clock at 6:00 pm. starting to lighten up a bit. turning more spotty. showers will linger through the overnight hours
we're running a bit of a deficit, 70 to 80% of average as far as rainfall total this is year. i'm looking 15 days out. it looks like we'll see quite an active start to next month. 54 in san jose right now. i wanted to start with your temperatures to show you how mild it is right now. tropical even with the showers on the radar. rain-cooled air in the vallejo area. let me zoom in and show you who is getting hit the hardest. that would be martinez. embedded in that, you have yellow and red, all...
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Mar 26, 2013
03/13
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he is up against a $327 million budget deficit. you mentioned there 14 billion with a b the, 14 billion in long-term debt. >> we can do this. i will have participated in one of the greatest turnarounds in the history of this country. >> reporter: orr has the advantage of not being elected so he can afford to be unpopular. there are five other municipalities in michigan that are under emergency management right now. one of those emergency managers told me the city council and mayor may not like it but they have only themselves to blame. jamie? jamie: you know what, mike being unpopular is one thing. under siege is another. which is it for kevyn orr? >> dynamic is created where the mayor and city council really have only one option, to comply or oppose. for the most part they oppose because that's all they're empowered to do at this stage of the game. you look at the city budget and the prediction municipal jobs en masse, the unions, afscme in particular is responding with a lawsuit. >> whole thing was a sham for the state to come in
he is up against a $327 million budget deficit. you mentioned there 14 billion with a b the, 14 billion in long-term debt. >> we can do this. i will have participated in one of the greatest turnarounds in the history of this country. >> reporter: orr has the advantage of not being elected so he can afford to be unpopular. there are five other municipalities in michigan that are under emergency management right now. one of those emergency managers told me the city council and mayor...
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Mar 19, 2013
03/13
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FBC
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the average american wakes up in the morning, you tell me how he feels or she feels that deficit with the daily impact. you kind of hurt that a little bit and what the president living in that abc news interview as well. is that a new track for the democrats. >> first, they went too far with the fears of armageddon. the democrats overplayed their hand. on the other hand, it is the case that the ordinary american is in having a better life in their parents. they are worried about reform plans. they are uncertain and they are nervous. dagen: $17 trillion debt, the average american is not having the impact on the lives. >> i am disagreeing. the democrats overplayed their hand with fear. we have tepid economic growth. we are not seeing the revitalization of the economy on main street. connell: regular people -- >> so-called great rotation into stocks from bonds has not really happened to the degree people expected. a lot of ordinary people who were heavily invested in mutual funds have not come back. connell: doug, thank you. dagen: watch out for rising interest rates. that will be pain t
the average american wakes up in the morning, you tell me how he feels or she feels that deficit with the daily impact. you kind of hurt that a little bit and what the president living in that abc news interview as well. is that a new track for the democrats. >> first, they went too far with the fears of armageddon. the democrats overplayed their hand. on the other hand, it is the case that the ordinary american is in having a better life in their parents. they are worried about reform...
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Mar 21, 2013
03/13
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. >>> facing a $1 billion deficit, chicago public school system is making some really big changes. ceo barbara byrd bennett says the district's underutilized skols will be closed. they have not said how many schools are expected to close but opponents say they unfairly target minorities. >>> 24 and counting for the miami heat. but it was not easy. it hasn't been easy the last few games. lebron james and company came back from 27 points down in the third. >> can you believe that? >> beat his old team, the cleveland cavaliers 98-95. a triple-double. 12 boards, 10 assists. the heat are now within nine games of the nba record for consecutive wins held by the '71-'72 los angeles lakers. >> do you think they'll do it? >> no. they almost blew it against the celtics, almost blew it against the cavs. they are the best team i've seen in years. i don't think they should ever lose necessarily but that's a lot of games to win in a row. >> i can't believe they were down that much and came back. >> i can't believe you can do that every night. >> i think they're doing it on purpose. >>> recovered
. >>> facing a $1 billion deficit, chicago public school system is making some really big changes. ceo barbara byrd bennett says the district's underutilized skols will be closed. they have not said how many schools are expected to close but opponents say they unfairly target minorities. >>> 24 and counting for the miami heat. but it was not easy. it hasn't been easy the last few games. lebron james and company came back from 27 points down in the third. >> can you...
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Mar 21, 2013
03/13
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CNNW
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on top of that, how do you do it if you already have a billion dollar budget deficit? >> right. it's a big issue. a side story that i've been covering is the death of this 6-month-old girl on chicago's south side. yeah, security, safety, is a big issue and parents are concerned if they have to put their child on a city bus. >> i don't know what neighborhood my child is going to. i don't know about that neighborhood. i know about my neighborhood. >> 5:30 eastern time we should see a press conference there in chicago. we are anticipating, expecting, to see that list. >> this is a done deal, 50 schools, right? >> this is the recommendation by the school ceo. they will vote on it in the next few weeks, but this is the first recommendation and a lot of people are hot and angry about it. >> 70 schools affected when you look at staff from other schools. 70 schools total possible affected by this. thank you very much. appreciate that. >>> put your ipod down for just one second and focus on the time when you listened to your favorite music on records. remember that? some of you don't. ad
on top of that, how do you do it if you already have a billion dollar budget deficit? >> right. it's a big issue. a side story that i've been covering is the death of this 6-month-old girl on chicago's south side. yeah, security, safety, is a big issue and parents are concerned if they have to put their child on a city bus. >> i don't know what neighborhood my child is going to. i don't know about that neighborhood. i know about my neighborhood. >> 5:30 eastern time we should...
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Mar 22, 2013
03/13
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CSPAN
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aboutrse when we think debt and deficits, there are two kinds of deficit. there are those that invest in human capital or infrastructure or investing in education, and those which do not, which endanger our future by adding to the national debt. and this war deficit was of the second type. third point that i am passionate about, although it is difficult for many people to be passionate about accounting, but i am passionate about the lack of war accounting. one of the purposes of our book and the several book chapters that we have written since then is to argue that bad accounting matters. the u.s. owes nearly a trillion dollars in what business would call deferred compensation to the men and women who fought the war, but this liability does not appear anywhere on the national balance sheet. we did not account for the value iraqe 6658 lives lost in and afghanistan. that is just the troops, not civilians, not contractors, except for small amount of life insurance money. even though civilian government agencies estimate the value of life at $7.20 million, so o
aboutrse when we think debt and deficits, there are two kinds of deficit. there are those that invest in human capital or infrastructure or investing in education, and those which do not, which endanger our future by adding to the national debt. and this war deficit was of the second type. third point that i am passionate about, although it is difficult for many people to be passionate about accounting, but i am passionate about the lack of war accounting. one of the purposes of our book and...
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Mar 21, 2013
03/13
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>> they want to use medicare and medicaid and social security to reduce the deficit? >> they want entitlement reform. this would be in exchange for the deficit reduction. >> you realize how harmful this would be. f we are to have [indiscernible] in order to sustain social security for a long period of time, recognizing the demographic shift that is happening. if we are going to strengthen medicare as we did with our bill, use the savings to put back in for more benefits and right here and now for our seniors, then that is what we should do on its own table. it should not be anything related to balancing the budget for the republicans said they can continue to give tax breaks to their special interest friends at the expense of america's seniors and people who are dependent on medicare, medicaid, and social security. nobody cares more about the sustainability of those initiatives than the democrats. intellectual property of the democrats to begin with. they have been sustained by democrats over the years. we need them to be strong, but we need to have that discussion se
>> they want to use medicare and medicaid and social security to reduce the deficit? >> they want entitlement reform. this would be in exchange for the deficit reduction. >> you realize how harmful this would be. f we are to have [indiscernible] in order to sustain social security for a long period of time, recognizing the demographic shift that is happening. if we are going to strengthen medicare as we did with our bill, use the savings to put back in for more benefits and...
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Mar 23, 2013
03/13
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school officials say they face a projected $1 billion deficit next year so they say the move would now save $560 million over the next decade. but the chicago teachers union president doesn't believe those figures. >> the actual amount of money this will cost, especially if it's done correctly, which god forbid they have never done anything correctly before in terms of school closings, this will cost almost $1 billion itself. so i don't believe any of this. rahm emanuel doesn't know the truth if it would slap him on the face. >> from chicago to detroit now, another city in financial crisis as sequestration enters its third week. michigan's head start program could be next on the shopping block. nbc's chief education correspondent rehema ellis is joining me this afternoon from detroit and rehema, with a long distance hello to you, my friend, for many students in detroit there are problems with this education system which are now magnified by the statewide economic troubles. you kn i know you were talking about this issue with the governor. >> we were, and we're going to talk about it al
school officials say they face a projected $1 billion deficit next year so they say the move would now save $560 million over the next decade. but the chicago teachers union president doesn't believe those figures. >> the actual amount of money this will cost, especially if it's done correctly, which god forbid they have never done anything correctly before in terms of school closings, this will cost almost $1 billion itself. so i don't believe any of this. rahm emanuel doesn't know the...
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Mar 20, 2013
03/13
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we have a budget out today that a budget that reduces the deficit, creates jobs, ensures global peace and security. t fights a good fight often without a lot of recognition but just doing a good job. not speaking today on behalf congressional black caucus. we have to hold any president ccountable in terms of checks and balances. that is part of the three ranches of government, udiciary, executive and legislati legislative. we have a duty and ensure that y to people have a voice in their guest: let government. what the house of representatives is about. written to president obama and respectfully have sked him to really justify and give us the information about the asis upon which -- legal basis -- the use of drones is engaged in as a result of efforts. we are waiting for the response from them on that. think it is important we ask any president questions as members of congress, it is our responsibility to do that and to personally continue to do that. i think that it president has image changed america's and role in the world and is phenomenal job. but that doesn't mean i won't exerci
we have a budget out today that a budget that reduces the deficit, creates jobs, ensures global peace and security. t fights a good fight often without a lot of recognition but just doing a good job. not speaking today on behalf congressional black caucus. we have to hold any president ccountable in terms of checks and balances. that is part of the three ranches of government, udiciary, executive and legislati legislative. we have a duty and ensure that y to people have a voice in their guest:...
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Mar 24, 2013
03/13
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surely not enough to fill our deficit at this point but it is going to bring back the cooler temperatures in the overnight hours with the cloud cover. we will actually see our 0 overnight lows and our morning temperatures come up. low 40s in the forecast tuesday, wednesday, thursday. unsettled weather wednesday and thursday with a bigger storm moving in for the weekend. this second system, or third system i guess we could call it, could bring us scattered showers for saturday and sunday. >>> on tuesday night the sacramento city counsel will consider throwing up a last- second shot to keep the kings from leaving town. the city has struck a daily to build a new $448 million downtown arena, and it would be the largest redevelopment project in sacramento history with up to a million and a half square feet of offices housing shops and a hotel. the city would pay $258 million with most of the money coming from the sale of bonds supported by parking revenues. >> that's part of revitalizing our downtown. that's part of completing the rest of k street. that's part of adding additional businesses t
surely not enough to fill our deficit at this point but it is going to bring back the cooler temperatures in the overnight hours with the cloud cover. we will actually see our 0 overnight lows and our morning temperatures come up. low 40s in the forecast tuesday, wednesday, thursday. unsettled weather wednesday and thursday with a bigger storm moving in for the weekend. this second system, or third system i guess we could call it, could bring us scattered showers for saturday and sunday....
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Mar 22, 2013
03/13
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CSPAN
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aboutrse when we think debt and deficits, there are two kinds of deficit. there are those that invest in human capital or infrastructure or investing in education, and those which do not, which endanger our future by adding to the national debt. and this war deficit was of the second type. amthird point that i passionate about, although it is difficult for many people to be passionate about accounting, but i am passionate about the lack of war accounting. one of the purposes of our book and the several book chapters that we have written since then is to argue that bad accounting matters. the u.s. owes nearly a trillion dollars in what business would call deferred compensation to the men and women who fought the war, but this liability does not appear anywhere on the national balance sheet. we did not account for the value of the 6658 lives lost in iraq and afghanistan. that is just the troops, not civilians, not contractors, except for small amount of life insurance money. even though civilian government agencies estimate the value of life at $7.20 million,
aboutrse when we think debt and deficits, there are two kinds of deficit. there are those that invest in human capital or infrastructure or investing in education, and those which do not, which endanger our future by adding to the national debt. and this war deficit was of the second type. amthird point that i passionate about, although it is difficult for many people to be passionate about accounting, but i am passionate about the lack of war accounting. one of the purposes of our book and the...
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Mar 26, 2013
03/13
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. >> the government is far larger than it ever has pw-rpbgs the deficits are larger, the debt is growing at record rates. >> reporter: government spending has gone up from an average of $88.2 billion spent every year in the 1980s to 1.48 trillion in the 1990s to 244 trillion in the first year of the 21 century. that helps to explain why the washington d.c. area, a region which has few natural resources and little manufacturing is now home to seven of the nation's ten richest counties. washington is home to the highest concentration of lawyers in the country. the average government work's compensation now stands at over $126,000 a year. >> in some ways the government is immune to the forces that face families and businesses all across the country who are having to tighten their belts, who very often are having to make due with the same amount this year that they had last year. government views itself as separate and immunity from all of that. >> reporter: the government deals with the country's problems by creating new programs. with any new program comes a food khaeufpb contractors, lobb
. >> the government is far larger than it ever has pw-rpbgs the deficits are larger, the debt is growing at record rates. >> reporter: government spending has gone up from an average of $88.2 billion spent every year in the 1980s to 1.48 trillion in the 1990s to 244 trillion in the first year of the 21 century. that helps to explain why the washington d.c. area, a region which has few natural resources and little manufacturing is now home to seven of the nation's ten richest...
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Mar 26, 2013
03/13
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CSPAN2
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i figure with some of the changes in current better reaching out about the deficit and budget, everybody also sort of talking about this. so i want to talk about it. and i have a good person in tracy, and she has it out all over the land. so at the end of the day, my goal was to provide fodder for discussion with the hope that somehow it will steer us in the right direction as a people and the country. >> what was most surprising for you? if there were not surprises, or their parts that should be cause for alarm? >> i expect to see certain things change. i was a little bit surprised that they were big supporters of immigration reform. we had another question that we didn't put in the polls and african-americans believe that they share the view that the gays can make the argument the whole mix of it is the most compelling. which was the undoubtable fate that african-americans have a better life coming and things will get better. and it is a wonderful thing to think about. my concern is at what point does it shipped. if it doesn't, what does that mean? >> can you tell us about the nuts and
i figure with some of the changes in current better reaching out about the deficit and budget, everybody also sort of talking about this. so i want to talk about it. and i have a good person in tracy, and she has it out all over the land. so at the end of the day, my goal was to provide fodder for discussion with the hope that somehow it will steer us in the right direction as a people and the country. >> what was most surprising for you? if there were not surprises, or their parts that...
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Mar 18, 2013
03/13
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but i'd like to remind the president and his allies that after $4 trillion deficits -- that would be the annual difference between what we bring in and what the government spends -- four in a row more than a trillion dollars -- after more than $1.6 trillion in tax increases, after hundreds of billions of dollars worth of new regulations, our country is mired, we are mired in the longest period of high unemployment since the great depression. that is a direct consequence of this huge debt and our creditors' lack of confidence that we're actually serious about dealing with it. indeed, many workers have simply given up on finding work, which is one reason why our labor force participation rate is now at a 32-year low. unemployment's almost 8% but that doesn't take into account the millions of people who have simply given up looking for work after a long period of unemployment. since june 2009, when the recession officially ended, median household income has fallen by more than $2,400. so instead of treading water, the average american family is seeing their buying power decrease by more
but i'd like to remind the president and his allies that after $4 trillion deficits -- that would be the annual difference between what we bring in and what the government spends -- four in a row more than a trillion dollars -- after more than $1.6 trillion in tax increases, after hundreds of billions of dollars worth of new regulations, our country is mired, we are mired in the longest period of high unemployment since the great depression. that is a direct consequence of this huge debt and...
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Mar 21, 2013
03/13
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they've got a $1 billion budget deficit. so he has to do something. but the problem is, what does he do? at the beginning of the school year, some people are saying they got off easy with just 50 schools, carol. at the beginning of the school year, they said they were going to close potentially 80 to 120 schools. so it's causing issues. there's no money. also, racial issues in the city, because black alderman are saying, we got you elected and now you are closing most of these schools in black neighborhoods on the south and west sides of chicago. and you didn't listen to us. there was no consensus about which areas and which schools should be closed. so it's causing some big issues, beyond money. >> i would suspect that parents are concerned about their children's safety, too. because these children now have to be transported farther to school. they can't go in their own neighborhoods. >> and besides the issue that we have with guns, we can talk about. but, yes, safety, just outside of that issue, where are the resources going to go? which schools? in
they've got a $1 billion budget deficit. so he has to do something. but the problem is, what does he do? at the beginning of the school year, some people are saying they got off easy with just 50 schools, carol. at the beginning of the school year, they said they were going to close potentially 80 to 120 schools. so it's causing issues. there's no money. also, racial issues in the city, because black alderman are saying, we got you elected and now you are closing most of these schools in black...